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Top 5 uses of legal plans

Seventy-four percent of individuals reported experiencing at least one legal event in the past year, and a majority of those who did said it impacted their work, according to research from ARAG. Among those who went through some sort of legal event, 40% experienced four or more in the last year, up 20% from five years ago. Legal plan benefit offerings – free to employers, practical to wage earners – are growing in popularity for obvious reasons. [Images: Shutterstock]

Until we meet again

Editor-in-chief Kelley M. Butler bids a fond farewell to readers and colleagues.

Kelley Butler
By Kelley Butler
Editor-In-Chief and Conference Co-Chair
Employee Benefit News

5 benefit plan considerations when expanding beyond U.S. borders

With close to 70% of the world's purchasing power outside the U.S., the chances are your company will, at some point, expand into new countries. Depending on your background, you may or may not have had exposure to benefit practices in different regions of the world. Regardless of what country you expand into, there are significant differences in retirement and health care models and delivery between the U.S. and other countries.

5 Ways to Improve 401(k) Plans

How can our 401(k) plans be improved so that there is a better chance we are able to retire and receive reasonable benefits someday?

Robert C. Lawton
By Robert C. Lawton
President
Lawton Retirement Plan Consultants

Most wasteful states for prescription meds

The U.S. health care system wasted $418 billion on bad medication-related decisions in 2012. While the entire nation suffers from these costly decisions, they have a disproportionate effect on the poorest states. In fact, nine out of the 10 poorest states rank among the most wasteful, according to research from Express Scripts. Waste stems from using high-priced brand name medications instead of clinically equivalent generics, not taking medications as prescribed, and using more expensive pharmacies than necessary. Here are details on the most wasteful states, as well as the most frugal. How does your state stack up in prescription spending? [Images: Shutterstock]

Going global: 5 benefit plan considerations

With much of the world's purchasing power located outside of the U.S., the chances are your company will, at some point, expand into new countries. When looking at a benefit strategy outside of the U.S., it’s important to be flexible enough to accommodate local norms while maintaining regulatory compliance. EBN Contributing Editor Shana Sweeney offers five tips to get you started. [Images: Shutterstock]

Benefits Think BFE keynoter: ‘The bottom line is: No results, no job’

In advance of her keynote address at EBN’s 26th annual Benefits Forum & Expo, author Jody Thompson sat down with former EBN Editor-in-Chief Kelley Butler to discuss her new book with co-author Cali Ressler (“Why Managing Sucks and How to Fix It”), the latest developments in the movement to create results-only working environments (ROWEs) at employers nationwide and how workplace shifts at Best Buy and Yahoo have affected ROWE’s advancement.

5 tips for talking about stress

Americans believe discussing stress with their health care providers is important, yet many aren’t having the conversation, reports a recent study from the American Psychological Association. Richard Citrin, Ph.D., and president of Citrin Consulting, and Dr. David Ballard, assistant executive director for marketing and business development with the American Psychological Association, offer five suggestions for helping your employees start having those conversations. [Images: Shutterstock]

Obama budget attacks retirement benefits

Using a complex formula, President Obama's 2014 proposed budget establishes a beachhead for taxation of previously tax-protected retirement benefits. Under the proposal, an individual's total lifetime balance across all retirement accounts (pension, profit-sharing, 401(k), IRA) will be limited to the amount necessary to purchase a life annuity generating an annual payment of $205,000 for a 62 year old. Calculating the limit using existing assumptions yields a balance limit of $3.4 million. Many retirement plan experts were surprised at the proposal for the following reasons:

Robert C. Lawton
By Robert C. Lawton
President
Lawton Retirement Plan Consultants

401(k)s ‘under attack’

A panel of experts address whether 401(k)s are a failed experiment at the 2013 NAPA/ASPPA 401(k) Summit in Las Vegas.

Andrea Davis
By Andrea Davis
Editor-in-Chief
Employee Benefit News

Retirement industry blasts Obama plan to cap accounts at $3 million

Even before the president’s proposed budget had been released, the American Society of Pension Professionals and Actuaries blasted its restrictions on defined contribution plan accumulations and on the cost of purchasing an annuity equivalent to the top benefit allowed for defined benefit plans.

Richard Stolz
By Richard Stolz
Principal, Stolz Communications
Stolz Communications

5 tips for achieving better work-life balance

“I used to be caught up in the spin cycle of thinking that net worth automatically afforded me life worth,” says Gary Kunath, an entrepreneur, speaker, former CEO and author of “Life … Don't Miss It. I Almost Did: How I Learned To Live Life To The Fullest.” However, Kunath adds, “At a certain point you realize that money doesn't make you rich, it just allows you to buy more stuff.” U.S. workers seem to have achieved a similar realization, as most employees prioritize satisfaction over salary and prize work-life balance. Kunath offers professionals five ways to achieve balance and improve their “life worth.” [Images: Shutterstock]

5 things to consider when outsourcing benefits administration

Shrinking HR departments, coupled with increased regulatory complexities, are leading organizations like Hawaiian Airlines to outsource their benefits administration. Tim Clifford, president of ADP Benefit Services, shares five considerations employers need to think about when hiring a provider to handle their benefits administration. [Images: Shutterstock]

HR professionals: 7 tips to get attention from C-Suite

For many human-resources professionals, getting buy-in from the C-suite can be a challenge when top-level executives are strapped for time. Further, HR and C-suite representatives communicate in fundamentally different ways. In a CareerBuilder article, Beverly Flaxington, a certified professional behavioral analyst, shares her tried-and-true tips for HR professionals to effectively communicate with executives and gain leverage to achieve their goals. [Images: Shutterstock]

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